Spherical object popped out of a cloud about 2 miles to my NE and about 1000' plu elevation above surface. Object rotated counter clockwise and was silver in color, with red, blue and yellowish hues along its top to bottom axis with the northern surface (part away from sun) remaining metallic silver in color. Observed craft about 1 minute on left side of cloud, then it moved to the right and back to left about 6 times in front of cloud. Object appeared to be about 200' in diameter as it was about the same size as my neighbor's large barn about 2 miles away. It appeared above his ranch to my NE. My total observation time was about 3 minutes. Object remained at same height. It disappeared back inside same cloud.